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How Modern Data Technologies Are Remaking the Art of Insurance Underwriting

Snowflake

The insurance industry has always been driven by data. Today, insurance underwriters are under the gun to use new data technologies to shift from hindsight-dependent to future-ready processes. These technologies are unproven and imply risk, but should we be concerned?

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Machine Learning in Insurance: Applications, Use Cases, and Projects

ProjectPro

Ever wondered how insurance companies successfully implement machine learning to expand their businesses? Despite its long history of resistance to innovation, the insurance sector is currently experiencing a digital revolution. For both applicants and insurers, this quick move has significant implications.

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What are the Commonly Used Machine Learning Algorithms?

Knowledge Hut

ML is now being used in IT, retail, insurance, government and the military. There is no end to what can be achieved with the right ML algorithm. Machine Learning is comprised of different types of algorithms, each of which performs a unique task. These sets of algorithms are used to predict the results from the input data.

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How Financial Services and Insurance Streamline AI Initiatives with a Hybrid Data Platform

Cloudera

With the emergence of new creative AI algorithms like large language models (LLM) fromOpenAI’s ChatGPT, Google’s Bard, Meta’s LLaMa, and Bloomberg’s BloombergGPT—awareness, interest and adoption of AI use cases across industries is at an all time high. It’s the most revolutionary technological development in at least a generation.

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Personalized Insurance: Auto and Telematics, Health, and Other Success Stories

AltexSoft

In today’s society, insurers can no longer ignore the mounting expectations of customers. Clients now expect insurers to provide different levels of personalization that are fast, adaptable, and up to date. Is personalized insurance really the future of insurance? What is personalized insurance, and why is it important?

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Intelligent Document Processing: Technology Overview

AltexSoft

We’ll explain the essence of IDP, guide you through its key stages, and provide real-life examples of the technology use. Intelligent document processing is the kind of technology that can automatically recognize and extract valuable data from diverse documents like scanned forms, PDF files, emails, etc.,

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Re-thinking The Insurance Industry In Real-Time To Cope With Pandemic-scale Disruption

Cloudera

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.